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Freestanding | PNC Bank | Indian Land, SC 8857 Charlotte Hwy 3,000 SF Retail Building Fort Mill, SC 29707 $4,902,742 CAD ($1,634.25 CAD/SF) 4.85% Cap Rate
Executive Summary
COSTCO-ANCHORED MIXED-USE DEVELOPMENT
- Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.
FAST-GROWING CHARLOTTE SUBMARKET
- Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.
AFFLUENT TRADE AREA
- Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.
BRAND-NEW 20-YEAR CORPORATE LEASE | 2% ANNUAL RENT ESCALATIONS
- PNC Bank has executed a brand-new 20-year ground lease on a newly constructed 2026 branch, with 2% annual rent escalations throughout the term.
INVESTMENT-GRADE CREDIT: S&P A-RATED WITH $573 BILLION IN ASSETS
- PNC Bank is one of the 10 largest U.S. banks with $573.6 billion in assets, ratings of A (S&P) and AA (low) (Morningstar DBRS), 2,224 branches, and $440.9 billion in deposits, providing exceptional institutional credit.
ABSOLUTE NNN GROUND LEASE
- The investor acquires the land outright under an absolute NNN ground lease with zero landlord responsibilities, delivering fully passive, management-free ownership with no maintenance or capital obligations.
- Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.
FAST-GROWING CHARLOTTE SUBMARKET
- Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.
AFFLUENT TRADE AREA
- Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.
BRAND-NEW 20-YEAR CORPORATE LEASE | 2% ANNUAL RENT ESCALATIONS
- PNC Bank has executed a brand-new 20-year ground lease on a newly constructed 2026 branch, with 2% annual rent escalations throughout the term.
INVESTMENT-GRADE CREDIT: S&P A-RATED WITH $573 BILLION IN ASSETS
- PNC Bank is one of the 10 largest U.S. banks with $573.6 billion in assets, ratings of A (S&P) and AA (low) (Morningstar DBRS), 2,224 branches, and $440.9 billion in deposits, providing exceptional institutional credit.
ABSOLUTE NNN GROUND LEASE
- The investor acquires the land outright under an absolute NNN ground lease with zero landlord responsibilities, delivering fully passive, management-free ownership with no maintenance or capital obligations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
C
Year Built
2026
Price
$4,902,742 CAD
Price Per SF
$1,634.25 CAD
Cap Rate
4.85%
NOI
$237,783 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.13 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- PNC Bank
- -
- 3,000 SF
- -
- Jan 2047
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| PNC Bank | - | 3,000 SF | - | Jan 2047 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Christopher Wiener -
Connor Kuchman -
Atlantic Capital Partners
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Freestanding | PNC Bank | Indian Land, SC | 8857 Charlotte Hwy
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